Car Down Payment Calculator
Calculate optimal down payment and financing for your car purchase
Car Details
Financing & Savings
Your Savings
Car Purchase Analysis
Monthly Payment
$$445
For 60 months
Total Down Payment
$$12000
Including trade-in
Total Interest
$$3679
Over loan term
Down Payment Comparison
0% (No down payment)
Down: $$0
$$677/mo
Total: $$40599
10%
Down: $$3500
$$609/mo
Total: $$36539
20% (Recommended)
Down: $$7000
$$541/mo
Total: $$32479
30%
Down: $$10500
$$474/mo
Total: $$28419
Loan Details
Loan Amount: $$23000
LTV Ratio: 65.7%
Sales Tax: $$2400
Total Cost: $$41579
Savings Status
$$1900 shortfall - 4 months to save
Cash needed: $$9900
Purchase Recommendations
- 💡 $${shortfall.toFixed(0)} shortfall - need {monthsToSave} months to save
Note: Recommended down payment is 20% to avoid negative equity and reduce interest. 0% down leads to highest payments and risk. Consider gap insurance if LTV exceeds 80%. Shop around for best financing rates. Trade-in value reduces both down payment needed and taxable amount.